White & Case Advises Aggregate on €1 billion financing of 'Fürst' Real Estate Complex in Berlin

Press Release
1 min read

Global law firm White & Case LLP has advised Aggregate Holdings S.A. on the €1 billion financing of the acquisition via a share deal of the 'Fürst' real estate complex in Berlin.

The project is located on Kurfürstendamm, one of Berlin's busiest and most prominent streets, and benefits from a prime location as well as a unique mixed-use neighborhood. It has a gross floor area of approximately 183,000 square meters, approximately 60 percent of which is office space, while the remaining space is intended for leisure, retail and a hotel.

The redevelopment and repositioning project has a targeted gross development value of up to €2.5 billion upon completion and expected total rental income of up to approximately €50 million per year. The total financing of over €1 billion comprises senior and subordinated promissory note loans and bonds. 

The White & Case team which advised on the transaction was led by partner Thomas Flatten (Frankfurt) and included partner Hadrien Servais (Brussels), counsel Willem Van de Wiele (Brussels), local partner Andreas van den Eikel (Berlin), associates Michael Bittner, Daniel Gillenkirch, Laurent Hoff (all Frankfurt), Aurelie Terlinden and Anne-Sophie Rolland (both Brussels) and transaction lawyer Yannick Couturier (Frankfurt).

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